Israeli clinical AI startup AIDOC led by Catalyst and Square Peg on Wednesday brought the company's total fundraising total to $370 million.
Four health systems from Hartford Healthcare, Mercy, Sutter Health and Wellspan Health also participated in the investment round.
Founded in 2016, AIDOC aims to simplify the workflow of radiologists with its AI-driven clinical decision support technology. CEO Elad Walach noted that hospitals, especially the emergency department, are under pressure to manage high patient volumes, longer waiting times and delays in test results – and make quick decisions with incomplete information.
He noted that all of these stressors became worse because the radiation doctors were getting shorter.
His company's technology is designed to help radiologists quickly identify important findings in medical scans, but also ensure actions for these findings.
“By planning the steps followed by the diagnosis – participating in the right team, starting the care pathway, tracking progress – AIDOC improves patient flow, reducing delays, reducing leaks and helps hospitals deliver higher quality care more effectively.”
The startup’s platform constantly monitors incoming patient data, including imaging studies, laboratory results, vital signs and other EHR inputs. He explained that it takes relevant data and uses AI to find and measure key indicators such as stroke, pulmonary embolism, lesions and fractures.
Walach added that if AIDOC finds such an metric, it will automatically alert the care team and initiate the process to notify the experts.
The company's AI model has both imaging and clinical data. This creates a reasoning engine that acts as an intellectual layer “crossing the entire clinical workflow” – from imaging to follow-up care and more, he said.
He believes that due to its technological strength, AIDOC stands out among other clinical AI companies in the field of radiology. Wallach notes that the startup’s platform integrates imaging AI, EHR data, lab results and real-time workflow orchestration.
“This scope architecture allows AIDOC to address a complete nursing continuum from radiology to acute intervention and hospitalization management,” he said.
More than 150 health systems use the startup’s platform, including Mount Sinai, Yale New Haven Health, Temple Health and University of Miami Health Systems.
Health systems’ ROI is often measured by faster time to treat, shorter hospital stays, increased throughput, reduced leakage and higher diagnostic yields.
Photo: Darunechka, Getty Images
